Captrust Financial Advisors Makes New Investment in Putnam Premier Income Trust (NYSE:PPT)

Captrust Financial Advisors acquired a new position in shares of Putnam Premier Income Trust (NYSE:PPT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 13,294 shares of the investment management company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverbridge Partners LLC raised its holdings in shares of Putnam Premier Income Trust by 63.2% in the fourth quarter. Riverbridge Partners LLC now owns 200,954 shares of the investment management company’s stock valued at $715,000 after buying an additional 77,799 shares during the last quarter. Mezzasalma Advisors LLC acquired a new stake in Putnam Premier Income Trust during the fourth quarter worth approximately $250,000. Essential Planning LLC. purchased a new position in shares of Putnam Premier Income Trust in the 4th quarter worth $817,000. Raymond James Financial Inc. purchased a new position in shares of Putnam Premier Income Trust in the 4th quarter worth $2,128,000. Finally, Sit Investment Associates Inc. raised its stake in shares of Putnam Premier Income Trust by 8.4% in the 4th quarter. Sit Investment Associates Inc. now owns 21,876,912 shares of the investment management company’s stock valued at $77,882,000 after acquiring an additional 1,689,141 shares during the period. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Price Performance

Shares of PPT stock opened at $3.59 on Friday. Putnam Premier Income Trust has a 52 week low of $3.40 and a 52 week high of $3.74. The company’s fifty day simple moving average is $3.59 and its 200-day simple moving average is $3.58.

Putnam Premier Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a yield of 8.69%. The ex-dividend date is Monday, May 19th.

About Putnam Premier Income Trust

Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.